Tuesday, December 28, 2010

2011, the Year of All Dangers for the Euro

The amounts of government bonds coming due in 2011 will be peakingin Portugal, Spain, and Italy, and will reach short term new highs in Ireland and Greece: here, here, here, here, and here.

Further rises in bond rates are to be expected in the above countries, weighing even more on budgets and economic activity, increasing the demands for financial transfers and thus the tensions between the zone members. Add to that the 2011 elections in Germany and the prospect of the 2012 elections in France and all the elements of a deepening crisis appear to be present.

Blogs I Like

Good Value For Your Reading Time

About Me

As a professor of economics, my main specialization fields are in the theory and strategy of the firm, and the theory and applications of public choice (political economy).
I also do consulting work in these fields.
For more information on my work go to my homepage: http://jeanjacques.rosa.pagesperso-orange.fr/
and my SSRN author page: http://ssrn.com/author=471576.
My e-mail has changed: jj.rosa@orange.fr